Dimensional Fund Advisors Portfolio holdings
Dimensional Fund Advisors (DFA), founded in 1981 by David Booth and Rex Sinquefield and headquartered in Austin, Texas, is an investment management firm renowned for its evidence-based, low-cost approach to investing, grounded in academic research from Nobel laureates like Eugene Fama and Kenneth French. Managing hundreds of billions in assets, DFA focuses on systematic, passive strategies that tilt toward factors like small-cap, value, and profitability stocks, primarily through mutual funds and institutional portfolios rather than retail brokerage services. The firm’s philosophy eschews market timing and stock picking, instead emphasizing diversification and efficient market exposure, often requiring investors to access its funds through approved financial advisors. With a global presence and a reputation for disciplined, data-driven investing, DFA has carved a unique niche in the industry, blending academic rigor with practical application.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Concentrix
CNXC
|
+$196M |
| 2 |
Tesla
TSLA
|
+$162M |
| 3 |
PROG Holdings
PRG
|
+$150M |
| 4 |
Morgan Stanley
MS
|
+$120M |
| 5 |
Unilever
UL
|
+$113M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$284M |
| 2 |
Comcast
CMCSA
|
+$222M |
| 3 |
ExxonMobil
XOM
|
+$166M |
| 4 |
AAN.A
The Aaron's Company Inc Class A
AAN.A
|
+$165M |
| 5 |
TD Synnex
SNX
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.83% |
| 2 | Technology | 16.31% |
| 3 | Industrials | 13.47% |
| 4 | Consumer Discretionary | 12.13% |
| 5 | Healthcare | 10.9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Marathon Petroleum
MPC
$91.2B
| $307M | 0.11% |
7,413,953
-117,329
| -2% | -$4.21M |
|
|
WBA
127
DELISTED
Walgreens Boots Alliance
WBA
| $306M | 0.11% |
7,685,947
+96,061
| +1% | +$3.72M |
|
128
Regal Rexnord
RRX
$14B
| $306M | 0.11% |
2,487,700
-170,539
| -6% | -$18.8M |
|
|
SCHW
129
Charles Schwab
SCHW
$181B
| $305M | 0.11% |
5,753,017
+1,830,888
| +47% | +$82.9M |
|
130
Chubb
CB
$139B
| $305M | 0.11% |
1,980,455
+20,282
| +1% | +$2.84M |
|
131
Allstate
ALL
$67.3B
| $303M | 0.11% |
2,760,256
+127,750
| +5% | +$12.6M |
|
132
Altria Group
MO
$122B
| $303M | 0.11% |
7,395,414
-549,592
| -7% | -$22.1M |
|
133
Acadia Healthcare
ACHC
$2.99B
| $303M | 0.11% |
6,019,608
-183,722
| -3% | -$7.32M |
|
134
Zoetis
ZTS
$32.2B
| $302M | 0.11% |
1,827,267
+32,528
| +2% | +$5.29M |
|
135
Dow Inc
DOW
$20.8B
| $300M | 0.11% |
5,412,017
+85,238
| +2% | +$4.4M |
|
136
Element Solutions
ESI
$9.22B
| $299M | 0.11% |
16,868,777
-952,532
| -5% | -$13.2M |
|
137
Air Products & Chemicals
APD
$65.2B
| $297M | 0.11% |
1,087,527
+30,399
| +3% | +$8.56M |
|
138
Gilead Sciences
GILD
$162B
| $296M | 0.11% |
5,089,534
-9,954
| -0.2% | -$601K |
|
139
Intuit
INTU
$83.1B
| $295M | 0.11% |
775,419
+24,029
| +3% | +$8.44M |
|
140
LyondellBasell Industries
LYB
$18.9B
| $292M | 0.11% |
3,185,319
+26,430
| +0.8% | +$2.15M |
|
141
NextEra Energy
NEE
$185B
| $291M | 0.11% |
3,774,759
+38,607
| +1% | +$2.89M |
|
142
Quanta Services
PWR
$93.1B
| $290M | 0.1% |
4,024,099
+17,173
| +0.4% | +$1.13M |
|
143
DaVita
DVA
$15.2B
| $288M | 0.1% |
2,457,527
-103,874
| -4% | -$10.6M |
|
144
Valero Energy
VLO
$90.5B
| $288M | 0.1% |
5,092,959
+18,290
| +0.4% | +$897K |
|
145
PACCAR
PCAR
$70.2B
| $288M | 0.1% |
5,003,513
+37,455
| +0.8% | +$2.2M |
|
146
Labcorp
LH
$24.7B
| $286M | 0.1% |
1,636,019
+20,719
| +1% | +$3.58M |
|
147
TJX Companies
TJX
$173B
| $284M | 0.1% |
4,156,973
-953,663
| -19% | -$58M |
|
148
International Paper
IP
$22.5B
| $282M | 0.1% |
5,996,427
-84,357
| -1% | -$3.77M |
|
149
Ally Financial
ALLY
$13.3B
| $282M | 0.1% |
7,903,295
-232,341
| -3% | -$7.03M |
|
150
AGCO
AGCO
$8.71B
| $281M | 0.1% |
2,725,199
-75,731
| -3% | -$6.73M |
|
Similar funds
Dimensional Fund Advisors's Q4 2020 Portfolio in Review
As of Q4 2020, Dimensional Fund Advisors held 3,414 positions worth $277B, up 17% from $236B the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Trading was light in Q4 2020: portfolio turnover was 4.5%. Dimensional Fund Advisors opened 81 new positions and exited 72, leaving the 3,414-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.
- Dimensional Fund Advisors's largest Q4 2020 buy was Concentrix: 1,965,264 shares worth $194M.
- Dimensional Fund Advisors added most to Tesla in Q4 2020, an estimated $162M increase.
- Dimensional Fund Advisors's biggest Q4 2020 reduction was Apple, cutting an estimated $284M.
- Dimensional Fund Advisors fully exited The Aaron's Company Inc Class A in Q4 2020, selling an estimated $165M.
- Dimensional Fund Advisors's ten largest holdings make up 11% of its $277B portfolio in Q4 2020.
- Dimensional Fund Advisors opened 81 new positions and closed 72 in Q4 2020.
- Dimensional Fund Advisors's portfolio value rose 17% quarter-over-quarter to $277B.
Based on Dimensional Fund Advisors's 13F filing for Q4 2020, filed 11 Feb 2021.